The euro held steadily above $1.30 on Thursday morning as the European Central Bank began its first monthly meeting of the year.

This meeting will focus on pulling the struggling region out of crisis and getting struggling nations out of debt. Since their last meetings were focused mainly on Greece and how to restructure the country's bailout package before it defaulted, the ECB will spend the next few meetings discussing the long term future of the region.

A big question about the meeting has been whether or not the Finance Ministers will lower the interest rate. At 0.75 percent, it is already at a record low and many believe cutting it again will shake the markets up; something the ECB will want to avoid after Greece's problems caused a tumultuous December.